July 3, 2024
The U.S. economy added a surprising 147,000 jobs in June, beating analysts’ expectations of 110,000, according to the latest Bureau of Labor Statistics (BLS) report released Thursday. The unemployment rate fell to 4.1%, down from 4.2% in May, signaling continued momentum under President Donald J. Trump’s economic policies.
Key Highlights from CWEB Business News:
✔ Job Growth Exceeds Forecasts: June saw strong hiring gains, particularly in government and healthcare, reflecting the strength of the labor market amid Trump’s “America First” economic approach.
✔ Unemployment Rate Declines: The drop to 4.1% marks a continued improvement in the job market and supports confidence in long-term recovery.
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✔ Wages Rise Without Inflation Surge: Average hourly earnings increased by 0.2% in June and 3.7% year-over-year, suggesting solid wage growth without significant inflation pressure.
✔ Steady Workweek: The average workweek remained unchanged at 34.2 hours, pointing to stable economic conditions across sectors.
President Trump’s administration continues to highlight job creation, wage gains, and reduced unemployment as hallmarks of its economic platform. With June’s numbers exceeding expectations, the White House is likely to frame this report as further evidence of a resilient and growing economy.
Stay tuned to CWEB Business News for continuous coverage on the U.S. labor market, economic policy, and more updates from the Trump administration.
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